Wednesday, 26 Feb, 2025

Business

Israel's decision to suspend Gaza exports sparks humanitarian concerns

Palestinian businesses warned Tuesday that an Israeli decision to suspend exports from the Gaza Strip put the Palestinian territory at risk of a “humanitarian catastrophe”. Israel’s army chief on Monday ordered, with the government’s approval, a halt to

Walton Plaza Uthshob-2023 held

'Walton Plaza Uthshob-2023' was held with a great enthusiasm. Over 600 managers of Walton Plaza from different regions of the country took part in the celebration event.  Among the participants, total of 144 sales executives and Plazas were awarded for their outstanding

Dr Momen urges Indonesia to ease market access for RMG products 

Foreign Minister Dr. AK Abdul Momen has urged his Indonesian counterpart to facilitate the entry of Bangladeshi ready-made garment products into the Indonesian market.  During a meeting with Indonesian Foreign Minister Retno Marsudi in Jakarta on September 4, Dr. Momen expressed

Solomon Islands MPs demand answers over ‘replica’ guns from China

Solomon Islands’ opposition leader Matthew Wale has called on the country’s police commissioner to “come clean” about whether China secretly shipped genuine firearms to Honiara last year after Al Jazeera uncovered new details about the shipment. Last week, Al

Onion sells at Tk 10 per Kg in Hili port

The importers are in trouble for not being able to sell onions due to the shortage of buyers at Dinajpur's Hili land port. According to information, due to excessive heat onions imported have rotted. In this situation, traders are selling these onions at the rate of Tk10 per kg.

Substandard imported wheat bran floods market, local millers face crisis

Local flour millers are facing an existential crisis as substandard imported wheat bran has flooded the market, undercutting local producers.     Almost half of the flour mills have ceased operations after being unable to compete with the import of cheaper and low-quality

August remittance drops, as Bangladesh receives $1,59m 

Remittance inflow declined by 21.47 per cent to $1.59 billion in August compared with that of $2.03 billion in the same month in the previous year, according to Bangladesh Bank data. The August figure was also lower than the previous month’s remittance earnings of $1.97 billion.

12kg LPG price goes up by Tk 144

The Bangladesh Energy Regulatory Commission (BERC) has increased the price of a 12kg liquefied petroleum gas (LPG) cylinder by Tk144 to Tk1,284 for the month of September. In August, the price was Tk 1,140.  BERC chairman Nurul Amin announced the new price at a press conference

Fuel supply normal as pumps open in capital

Several pump owners in the capital are not seen observing the indefinite strike which was called by a faction of fuel oil traders across the country from today (September 3) to press home their 3-point demand. On the first day of the strike on Sunday, several pumps were seen open in

Fuel oil traders go on indefinite strike 

A faction of fuel oil traders went on a strike at petrol pumps across the country from today (September 3) to press home their 3-point demand. The Bangladesh Petrol Pump Owners Association (BPPOA) since early August has been agitating for a 7.5 per cent  commission on fuel oil

Petrol pump owners’ indefinite strike from Sunday 

A faction of Bangladesh Petrol Pump Owners Association (BPPOA) will go on a strike at petrol pumps across the country from Sunday (September 3) to press home their 3-point demand. The demands are setting the fuel oil sales commission at 7.50 percent, publishing gazette recognising

Bashundhara supplied 95% cement for Dhaka Elevated Expressway

Bashundhara Group provided 95 percent of the cement used in the construction of Dhaka's first Elevated Expressway. The country’s first ever elevated expressway was inaugurated by Prime Minister Sheikh Hasina at 3:30 pm on Saturday. However, traffic movement will begin from

Mohamed Al Fayed: Former Harrods owner dies at 94

Mohamed Al Fayed, the former Harrods boss whose son Dodi was killed in a car crash alongside Diana, Princess of Wales, has died aged 94. Born in Egypt, he built a business empire in the Middle East before moving to the UK in the 1970s. However, he never realised his ambition to gain

FM holds meeting with US-Bangladesh Business Council delegation

Foreign Minister AK Abdul Momen on Friday (Sep 1) held meeting with a high-powered business delegation from the United States at the State Guest House Padma. The Ministry of Foreign Affairs source confirmed the matter. According to source, both sides discussed the long-term trade

Biman set to resumes Narita flight tonight after 17 years

Biman Bangladesh Airlines is set to resume its much waited direct Dhaka-Narita-Dhaka flight tonight aspiring to make the Bangladesh Japan direct air connectivity as a profitable route.   The inaugural flight will take off from Dhaka's Hazrat Shahjalal International Airport at

Climate change exacerbating conflict and poverty — IMF

Fragile countries, and those impacted most by conflict, are already being unevenly hit by the effects of climate change, and are less able than other countries to mitigate those impacts, according to a report published by the International Monetary Fund (IMF) on Wednesday. Fragile and

Why India's soaring food inflation is a global problem

Erratic climate conditions - including the driest August in more than a century - have sent food prices spiralling above 11% in India, which is a major player in global agri-trade. Just as tomato prices begin cooling down, onions have gotten dearer by a quarter since June in the

OpenAI launches ChatGPT for business amid declining popularity

OpenAI has said it was launching a business version of ChatGPT as its artificial intelligence sensation grapples with declining usership nine months after its historic debut. ChatGPT Enterprise will offer business customers a premium version of the bot, with "enterprise

Chevron workers at Australia’s LNG plants to strike, raising supply fears

Chevron workers at two major liquefied natural gas (LNG) facilities in Australia are set to strike over pay and conditions, raising fears of new turmoil in global energy markets roiled by the war in Ukraine. Workers at the Gorgon and Wheatstone facilities in Western Australia will

Toyota halts production at Japanese factories after system failure

Toyota, the world’s biggest carmaker, has halted operations at most of its assembly plants in Japan following a system malfunction. The Japanese car manufacturer suspended operations at 12 of its 14 domestic plants after the glitch left the company unable to order components, a